Celestica (NYSE:CLS) Trading Down 6% – Time to Sell?

Celestica, Inc. (NYSE:CLS) (TSE:CLS)’s share price dropped 6% during trading on Friday . The stock traded as low as $357.55 and last traded at $358.5040. Approximately 1,882,838 shares were traded during trading, a decline of 24% from the average daily volume of 2,476,160 shares. The stock had previously closed at $381.59.

Analysts Set New Price Targets

CLS has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $480.00 target price on shares of Celestica in a research report on Wednesday, April 29th. Susquehanna boosted their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Royal Bank Of Canada boosted their target price on Celestica from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $427.42.

Celestica Price Performance

The business has a fifty day moving average price of $332.46 and a 200-day moving average price of $316.39. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $41.22 billion, a PE ratio of 43.35, a PEG ratio of 0.83 and a beta of 2.09.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. Celestica had a return on equity of 36.91% and a net margin of 6.95%.The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the business earned $1.20 EPS. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. Research analysts expect that Celestica, Inc. will post 9.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Celestica

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica in the 4th quarter worth about $28,000. Swiss RE Ltd. purchased a new position in shares of Celestica in the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Celestica in the 4th quarter worth about $30,000. Sittner & Nelson LLC purchased a new stake in Celestica during the 4th quarter valued at about $31,000. Finally, Ascentis Independent Advisors bought a new position in Celestica during the 1st quarter worth approximately $29,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.